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2606 Grace Dr Fort Lauderdale FL 33316
Beds
7 bedrooms
Baths
5 bathrooms
Sq. Feet
7,189 sq. feet
Built
Built: 2008
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Price
$3,000,000
Cap Rate
7%
Revenue Potential
$430K
Heated Pool
Enjoy a dip in the pool yearlong with it's heated features.
Dockage
Dockage for 25ft boat.
Waterfront Home
Enjoy watching and listening to the water at all times.
Amazing Location
Incredible water front location and in addition of being in close proximity to FTL strip and beaches.
Home Inputs
Purchase Price
i
This is the Seller's advertised pice. Rove's policy is to not represent buyers on Partner Listing below 90% of the Advertised price.
Down Payment
i
The down payment is the cash portion of the property price at the time of purchase. The down payment is used to calculate return metrics.
$600,000
1%
50%
100%
Weeks of Use
i
This is how many weeks you as the owner want to use the property.
4 weeks
0 weeks
26 weeks
52 weeks
Hold Period
i
This is the amount of time between buying and selling the home.
10 years
0 years
15 years
30 years
Appreciation
i
This is the home price appreciation forecast.
3.5%
0%
12.5%
25%
Reset to default
Rove Automated Inputs
Rove Verified ADR
i
This is the average daily rent for the property when listed. It is an estimate based on Rove's comparable properties in the market and available data. It is not a prediction or guaranty of future rental income.
$1,600
Occupancy
i
Occupancy is an estimate based on Rove's comparable properties in the market and available data. It is not a prediction or guaranty of future rental income.
68%
Annual Income
i
Gross annual income estimate based on Rove's comparable properties in the market and available data. It is not a prediction or guaranty of future rental income.
$366,656
Annual Financial Summary
show
AprMayJunJulAugSepOctNovDecJanFebMar$1.4K$1.5K$1.6K$1.7K$1.8K$1.9K
Outputs
Return on Investment
i
Total Return is your cash profit calculated as the sum of your estimated (i) annual net operating cash flows over the hold period, plus (ii) property net sale proceeds minus your initial investment and outstanding loan balance.
7.4x
Annualized Return
i
Annualized Return is a measure of annualized net return on an equity investment. It equals the discount rate at which the sum of the present value of all cash flows is zero. Calculation is based on actual and budgeted values.
15.3%
Cap Rate
i
Cap rate is the percentage return calculated by dividing net operating income in Year 1 by the property purchase price.
0.1%
Cash Flow
i
First year net cash flow is the estimated dollar amount received after payment for property taxes, property management, repairs and maintenance, capital expenditures, and loan payments.
$39,069.76
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